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Not quite, but back in December we seemed to reach a peak amount of optimism about the US and pessimism about Europe. Everyone seemed to be talking about decoupling and how the US was the best place to invest. Since December 15th, when we first got a bit “freaked out” how widespread this view had become, we have seen European stocks outperform and European stocks denominated in Euro outperform even more. Had we picked the DAX rather than a broad european benchmark, the outperformance of Europe would almost be shocking. I think the views are becoming more balanced, as we see more bullish recommendations on the Euro and more people getting comfortable that not only will Europe “muddle through” but that muddle through isn’t priced in.